Curious how the 2023 pay bumps will be. Has anyone heard anything?
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I’d expect raises to be similar to last year in most global locations, and likely a bit higher to account for inflation. Functional budgets of 4% to 5% (Upstream was 5% and GSC was around 4%). GBC locations like India had 15% budget (remember, 15% seems high but it’s of a considerably smaller overall budget). Just because the % is 4%, doesn’t mean folks get that. NSI gets 0, NI gets tiny fraction, and it goes up from there so highly likely folks in Outstanding May get 12%+ in some areas, even in the US. No one knows for sure, though, as comp review happens in Q4 and gets loaded in BEQOM in December.
Can someone share what is the estinated amount of RSU based on CL levels?
Fun fact of the day! The companies used to benchmark employee salaries aren’t the same companies used to benchmark executive salaries! Now why would that be? I bet you can’t guess.
Too early for this to be decided. They will be hoping for a recession to hit before January so they have an excuse for no raises. Talk to your friends in planning. They think a recession will hit hard next year. Don’t get your hopes up for a raise.
DWW has a raise in his pants for you!
Don’t expect anything until headcount gets to 50k! Even if average as some people purport, you will lose to inflation again…
2%
Remember the overall headcount goal is under 50k, why would we then pay best in class?
Pay somewhere in the middle, PIP undesirables, offshore as many jobs as possible.
It’s all about the companies in your comparator groups, if they pay significantly more, Exxon should follow. That is if they decide they want to be competitive…
It’ll be less than we expect I’m sure. Also keep in mind any raises will be tied directly to your rank, so that BS line by your supervisor saying the rankings don’t really matter is utter garbage. Also remember the RSUs are based on rank group.
I'm going to rise up and retire early from this s-show and get another job for some other company.
Guidance was to assume 5% on average at least what I know for chemicals sites. Some will get more and some less. That’s a 2 point bump on last years plan so your raise will be 3% instead of the 1% you got this year.
Doubt we are going to be rewarded for the company’s success, we are paid competitively remember.
I just suspect the answer will be very low raises as we are in a recession, we are competitive versus our competition (we gave bonuses) whilst DWW will boast of record high earnings
Pay Raise? Thats silly talk. The only thing rising is DW having a massive hard-on in his pants what with all the money he is saving for the shareholders disguising layoff as PIP.